Phison: February 2021 Financial Results

Phison Electronics Corp. announced the operating results for February 2021, with consolidated revenue of NT$3.655 billion, a Y/Y decrease of 8%.

Total revenue of the whole year to February reached NT$7.715 billion, with an annual growth rate of nearly 6%.

Compared with the same period last year, the total shipments of PCIe SSD controller in February grew by 180%, a record high in a single month. In addition, for the annual growth rate of total shipments accumulated throughout the year (January to February), the total shipments of PCIe SSD controller grew by nearly 125%, setting a new historical high for the same period; total shipments of industrial memory module grew by nearly 15%; total shipments of memory bits (total bits) grew by nearly 40%, which also sets an historical high over the same period.

According to the shipment data, in addition to the continuous penetration of PCIe SSDs in various storage applications, consumers’ demand for storage capacity has also continued to increase.

K.S. Pua, CEO and chairman, said that in February due to the Lunar New Year holiday and Taiwan’s peace anniversary holidays (or known as 228 holidays), there were fewer working days, which had a slight impact on revenue. However, the overall revenue in the first quarter benefited from the needs of remote learning and remote work. It is expected that the traditional off-season will not be weak.

In addition, the company has gradually seen revenue contributions and results due to its increase in R&D investment in recent years, including the game console market, embedded ODM market, and automotive storage market.